Economy and commerce
Gov’t to use tech to fructify economic agenda
The new government under the leadership of Prime Minister Hun Manet will make use of optimum technology to push forward its socio-economic policy agendas to transform the rectangle into Pentagon Strategy, said a statement. ...
Kang Sothear
https://www.khmertimeskh.com/501348057/govt-to-use-tech-to-fructify-economic-agenda/
ASEAN sec-gen applauds implementation of RCEP
ASEAN Secretary-General Kao Kim Hourn expressed optimism with the implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement in a transparent manner, as businesses in the region have wider opportunities to trade and invest now. ...
Ry Sochan
https://www.phnompenhpost.com/national-politics/asean-sec-gen-applauds-implementation-rcep
More investment anticipated following Fujian investors’ visit
Cambodia is optimistic of an increase in direct investment or joint ventures with Chinese investors following a successful visit by a delegation of entrepreneurs from Fujian province who specialise in sectors such as mining, energy, manufacturing, tourism, accommodation, and heating and air conditioning. ...
Hin Pisei
https://www.phnompenhpost.com/business/more-investment-anticipated-following-fujian-investors-visit
Cambodia-HK expo tipped to increase trade
Bilateral trade between Cambodia and China is expected to grow with the interest shown by traders and investors during the Cambodia-Hong Kong exhibition in Phnom Penh, which featured over 40 companies. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-hk-expo-tipped-increase-trade
South Korean exports jump 20%
Cambodia netted $164.7 million from exports to South Korea in the first seven months of 2023, an increase of 21.6 per cent compared to $135.5 million in the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/south-korean-exports-jump-20
Double taxation agreement with UAE ‘nearly complete’
Cambodia and the United Arab Emirates (UAE) are expected to sign a Double Taxation Agreement (DTA) soon seeing that negotiations on the content are 96 per cent complete, the General Department of Taxation (GDT) stated. ...
Hin Pisei
https://www.phnompenhpost.com/business/double-taxation-agreement-uae-nearly-complete
Acleda Bank to expand KHQR beyond ASEAN
Acleda Bank Plc plans to expand the KHQR system to non-Association of Southeast Asian Nations (ASEAN) member countries, said a senior bank official. ...
Kang Sothear
https://www.khmertimeskh.com/501347404/acleda-bank-to-expand-khqr-beyond-asean/
US Department of Commerce issues final determination on Circumvention of Solar Cells and Modules from Cambodia
On August 18, 2023, the Department of Commerce (“Commerce”) announced its final determination that certain solar cells and modules exported from Cambodia, Malaysia, Thailand, and Vietnam are circumventing the antidumping (“AD”) and countervailing (“CVD”) orders on imports from China after conducting its investigation for over ...
Khmer Times Staff
https://www.khmertimeskh.com/501348478/us-department-of-commerce-issues-final-determination-on-circumvention-of-solar-cells-and-modules-from-cambodia/
Insurance premiums rise to $81 million Q2
Despite the impact on incomes due to global economic uncertainties, the Kingdom’s insurance industry has performed well so far this year, with insurance premiums growing 6.3 per cent to $81.2 million in the second quarter of 2023 from $76.3 million in the corresponding period last ...
May Kunmakara
https://www.phnompenhpost.com/business/insurance-premiums-rise-81-million-q2
Access to finance for SMEs in Cambodia
Access to finance remains a key barrier to small and medium enterprise (SME) growth in Cambodia, as many of them rely on personal finance rather than bank loans, which can affect long-term commercial and financial sustainability. ...
Mao Sreypich
https://kiripost.com/stories/access-to-finance-for-smes-in-cambodia
Digital technology adoption by Cambodia’s tourism MSMEs
The current state and role of digital technology adaptation in tourism-related micro, small and medium enterprises (MSMEs) in Cambodia in 2023 have been reported by the Cambodia Development Resource Institute (CDRI), under the support of the Asia Foundation. ...
Yatt Malai
https://kiripost.com/stories/digital-technology-adoption-by-cambodia-tourism-msmes
New Government formation to bring more new investments
The formation of the new Royal Government of Cambodia will bring new investments to the country, generating more jobs and contributing to the economic growth. ...
Khmer Times Staff
https://www.khmertimeskh.com/501347755/new-government-formation-to-bring-more-new-investments/
Credai women entrepreneurs to visit Cambodia for fostering collaborations
Eight women entrepreneurs from Confederation of Real Estate Developers Association of India (Credai), Chennai, will be part of a women’s delegation to Cambodia to foster collaborations with various business bodies. ...
Khmer Times Staff
https://www.khmertimeskh.com/501347769/credai-women-entrepreneurs-to-visit-cambodia-for-fostering-collaborations/
Cambodia’s exports $4.6B to RCEP markets in first 7 months
Cambodia has exported goods worth $4.59 billion to member countries of the Regional Comprehensive Economic Partnership (RCEP) in the first seven months of 2023, a 21 percent increase compared to the same period of the previous year, said a statement by the Ministry of Commerce ...
Kang Sothear
https://www.khmertimeskh.com/501346750/cambodias-exports-4-6b-to-rcep-markets-in-first-7-months/
Cambodia auto tire exports at $125 million in H1
Cambodia earned around $125 million from automotive tire exports in the first half of this year, according to a report from the Council for Development of Cambodia (CDC) report. ...
Chea Vanyuth
https://www.khmertimeskh.com/501346714/cambodia-auto-tire-exports-at-125-million-in-h1/
ASEAN-India trade up 23.4% at $113 billion in 2022
The two-way trade between ASEAN and India reached $113 billion in 2022, a year-on-year increase of 23.4 per cent, according to the preliminary ASEAN statistics. ...
Khmer Times Staff
https://www.khmertimeskh.com/501346715/asean-india-trade-up-23-4-at-113-billion-in-2022/
Ministry of Tourism announces plan to improve Siem Reap tourism
The Ministry of Tourism announced the implementation of the “Siem Reap Provincial Tourism Promotion and Attraction Strategic Plan 2023-2026”, which is part of the “Siem Reap Tourism Development Master Plan 2021-2035”. ...
Nang Veasna
https://www.khmertimeskh.com/501346589/ministry-of-tourism-announces-plan-to-improve-siem-reap-tourism/
Cambodia, China target $12B trade this year
Trade between Cambodia and mainland China will reach over $12 billion by the end of this year and both sides are working hard to achieve this annual target, said Reach Ra, Secretary of State at the Ministry of Commerce, recently. ...
Manoj Mathew
https://www.khmertimeskh.com/501346727/cambodia-china-target-12b-trade-this-year/
Private sector expects new gov’t to focus on economic growth
The new Royal Government of Cambodia in the Seventh Legislature of the National Assembly (NA) will officially assume office today evening under the leadership of Mr Hun Manet who will succeed as the new Prime Minister. ...
Kang Sothear
https://www.khmertimeskh.com/501346591/private-sector-expects-new-govt-to-focus-on-economic-growth/
Indonesia plans rice imports from Cambodia to boost government stocks
Indonesia’s state food procurement firm, Bulog, is looking to import rice from Cambodia and Myanmar to bolster government stocks as the country braces for potential disruptions in rice output due to the El Nino weather pattern. ...
Khmer Times Staff
https://www.khmertimeskh.com/501346993/indonesia-plans-rice-imports-from-cambodia-to-boost-government-stocks/
Cambodia benefits from zero tariffs in RCEP trade deal, sees surge in exports
Cambodia’s exports to the Regional Comprehensive Economic Partnership (RCEP) countries reached $4.59 billion in the first seven months of this year, marking a significant 21% growth compared to the same period last year, according to data from the Ministry of Commerce. The boost in exports ...
Khmer Times Staff
https://www.khmertimeskh.com/501346937/cambodia-benefits-from-zero-tariffs-in-rcep-trade-deal-sees-surge-in-exports/
King hopes new gov’t will boost economic growth
The new Royal Government under the leadership of Prime Minister Hun Manet will continue to boost the national economic growth, improve the living standard of the citizens and commit to developing and strengthening the social protection system, said King Norodom Sihamoni. ...
Nhean Chamrong
https://www.khmertimeskh.com/501346713/king-hopes-new-govt-will-boost-economic-growth/
‘White rice’ price soars amid India suspension
Rice exporters and millers in Cambodia say the price of white rice is soaring after India suspended exports of non-basmati rice in order to address internal food security issues following the falling yield of paddy rice due to climate change. ...
May Kunmakara
https://www.phnompenhpost.com/business/white-rice-price-soars-amid-india-suspension
Cambodia still faces challenges in domestic production for export
Cambodia continues to face unique challenges for diversifying goods and boosting domestic production for export. ...
Khmer Times Staff
https://www.khmertimeskh.com/501345279/cambodia-still-faces-challenges-in-domestic-production-for-export/